Adelaide Industrial Briefing: Q2/2019
We are pleased to release the Q2/2019 Industrial Briefing Notes for Adelaide, which will outline key metrics across each market’s precinct, with detailed commentary on leasing, sales and development activity, infrastructure and an outlook for the market.
- Savills Research noted incremental rises in Adelaide industrial prime rents over the last 12 months
- By precinct, average Prime Average Market Yields in the ‘North West’ have remained steady, ranging between 6.75% and 7.50%, compared to 8.75% to 9.75% in the ‘North’
- The pull-back in automotive manufacturing has helped redirect the focus to other sectors, most significantly defence and health, with significant capital investment underway
- Approximately 69,000 square meters of industrial assets are in the construction phase and a further 33,672 square meters are in DA